The Federation Account Allocation Committee (FAAC) has shared N2.428 trillion among the Federal Government, 36 state governments and 774 native authorities councils as income for September 2026.
The Director of Press and Public Relations on the Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed this in a press release issued on Thursday in Abuja following FAAC’s October assembly.
The distributable income comprised N1.672 trillion in statutory income and N756.587 billion from Value Added Tax (VAT), in accordance with the assertion.
FAAC income rises to N3.91 trillion
Mokwa stated complete gross income of N3.913 trillion was out there for distribution in September, earlier than deductions for assortment prices, transfers, refunds and financial savings.
A complete of N131.758 billion was deducted as the price of assortment, whereas transfers, refunds and financial savings amounted to N1.352 trillion.
- Gross statutory income rose to N3.096 trillion in September, up by N246.384 billion from the N2.850 trillion recorded in August.
- Gross VAT income stood at N816.872 billion in September, down from N834.843 billion in August.
- The decline in VAT income amounted to N17.972 billion in contrast with the previous month.
- Petroleum Profit Tax, Hydrocarbon Tax, petroleum royalties, import responsibility, CET levies and excise responsibility recorded vital will increase.
Companies Income Tax, Capital Gains Tax, Stamp Duties, VAT, mineral royalties, gas-flaring penalties, gas-flaring charges and miscellaneous oil income recorded declines, in accordance with Mokwa.
The income figures mirror blended performances throughout the totally different sources of presidency revenue, with statutory income growing whereas gross VAT collections declined.
Federal Government receives N832.24 billion
Of the N2.428 trillion distributable income, the Federal Government acquired N832.242 billion, whereas state governments acquired N799.872 billion. Local authorities councils acquired N560.660 billion.
- The benefiting states additionally shared N236.049 billion as 13% derivation income from mineral assets.
- The statutory income part was distributed individually among the three tiers of presidency and the benefiting states.
- The Federal Government acquired N756.583 billion from the N1.672 trillion distributable statutory income.
- State governments acquired N383.749 billion, whereas native authorities councils acquired N295.855 billion.
From the N756.587 billion distributable VAT income, the Federal Government acquired N75.659 billion, states acquired N416.123 billion, and native authorities councils acquired N264.805 billion.
The allocations present the respective shares of the three tiers of presidency, alongside the derivation part paid to eligible states.
States’ FAAC allocations improve in Q2
Nairametrics previously reported that Nigeria’s 36 states received a combined N2.39 trillion from the Federation Account within the second quarter of 2026.
That represented a rise of N259.41 billion, or 12.2%, from the N2.13 trillion received in the first quarter.
The improve got here as state governments continued to depend on Federation Account allocations to fund public expenditure, together with infrastructure and different authorities tasks.
The September allocation offers one other month-to-month distribution of federally collected income among the three tiers of presidency, with the quantity out there to every decided by the relevant revenue-sharing preparations.
